Scarcity of money - page 2. | Bitcointalksearch.org

Chilwell

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Quote from: gaston castano on March 23, 2023, 05:22:40 AM

maybe this is the government's way of controlling the money supply so it looks like that, but I also admit about inflation and rising prices for the things we buy and also industries that experience declines in their processes.
it's bad i hope we can all face this.

For any nation to face scarcity of fiat money definitely the government of that nation is aware of that. Scarcity of fiat money is also to the advantage to the people of that particular country. Government do this deliberately sometimes to balance the economy. The availability of fiat money will cost us a lot of pains because goods and services prices will be higher. We are currently experiencing this issue now in my place, we are Suffering with the current situation but I see the advantage of it. Because I have achieved a lot this during this period, goods and services have drastically reduced in prices due to lack Fiat money.

naikturun

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In conclusion, the scarcity of money in different nations around the world can have many causes, and the solutions will depend on the specific circumstances in each case. It is important for governments, central banks, and international organizations to work together to promote economic stability and prosperity for all people.
in my country the scarcity of money is very felt.

gaston castano

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maybe this is the government's way of controlling the money supply so it looks like that, but I also admit about inflation and rising prices for the things we buy and also industries that experience declines in their processes.
it's bad i hope we can all face this.

Pejoh Asu

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The central bank's strategy to control financial circulation is to limit cash in circulation, if the amount of money in circulation is out of control and there is too much of it, then inflation is certain to occur which causes more complicated problems. As citizens, of course we must be accustomed to finding solutions, for example by increasing income and don't just complain.

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Quote from: Godlovesyou on March 19, 2023, 01:32:33 AM

Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.

Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

It seems that many have felt the impact of the scarcity of money in various countries. but, This is definitely a tricky situation, and there are many factors that contribute to it. My opinion One thing that may have contributed to the scarcity of money is the economic crisis that is engulfing many countries right now, leading to decreased spending and lower economic growth.

Is the government's attempt to overcome this crisis always seen as a failure? I guess it takes time and support for them. Is there any crisis affecting UN's economy? This is a good point for the UN economy, it should be noted that they do not have direct control over each country's financial situation.

tygeade

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Quote from: EarnOnVictor on March 22, 2023, 10:36:20 AM

Everybody is feeling this cashless policy, my dear, it doesn't leave the rich and politician out of it, even POS payments is now changing money. To me, the initiative is very good but ill-times and was sabotaged by politicians and ordinary people. Till now, politicians are stockpiling again their lost money with the new notes to return to business as usual with their "Ghana must go" and unsuspecting people are building businesses on the suffering of others.

Money is leaving the bank but not entering, there is now an imbalance that only God will save us. Still, I will not blame the government for this, it's a good development but fought back by the overambitious people.

I do not know about those nations but I know mine and I can confirm that politicians and business people get together to make sure they get out of the troubling times together without hurt, and then start looking at the people.

As I grow up, I realized that corruption doesn't really "want" people to live in poverty, even the worst kind of politicians would rather have a dream nation where everyone is super happy, they would love that actually because it means they will keep their power without any issues. But they can't, because corruption makes the nations go bad, and when they go bad people don't like the politicians and that's why they turn out even worse.

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Quote from: bangjoe on March 22, 2023, 06:02:13 AM

Quote from: Godlovesyou on March 19, 2023, 01:32:33 AM

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

Little money in circulation because the supply of goods is less than the circulation of money, minimal economic activity resulting in a small circulation of money, rising interest rates and taxes.
That is one of several factors why money in your country is scarce, while inflation is the opposite of this fact. I am a little confused by the case that there is about inflation and a small circulation of money.
If inflation is still below your country's standard percentage, that is normal, but if it is high enough, what you mean by scarcity of money is most likely that economic activity in your area is very small so that the circulation of money in your area is very little of the total supply of money in Your country.

Seems like we have ourselves a little economic muddle here. Inflation, the antithesis of scarcity, and a lack of money circulation as a result of sluggish economic activity, increasing interest rates, and taxes are both to blame.

I may not be an expert on economics, but I know a thing or two about cash flow problems. And trust me, there is nothing more disheartening than worrying about how you're going to make ends meet each month. For this reason, I propose launching a crowdfunding campaign to collect monetary donations for the economy. Why not attempt it for a whole nation if it works for potato salad?

YOSHIE

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Quote from: Godlovesyou on March 19, 2023, 01:32:33 AM

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

If the mafia has entered the world of government that is what happens, the rich get richer, the poor get poorer, the economy is squeezed for the common people, if trade and the government are dependent on the mafia the small community suffers.

The economy lately, let's say in 2023, almost on average every country screams, corruption and economic games by the mafia are one of the worst factors that are felt by the wider community at this time, the mafia pushes up high prices of goods, the government implements high taxation, it becomes a basic reference for a deteriorating economy for the community.

In the past, for 1$ you could get 3 packs of cigarettes, now for 1$ you only get a few cigarettes, the reasons are taxes, the mafia and corruption. rampant.

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Quote from: Kodok Bencot on March 22, 2023, 01:10:35 AM

Scarcity of money can occur when there is high deflation, of course this is rare or something that is difficult for us to find, what happens is the opposite, namely an abundance of money or inflation, this happens because the state will immediately print money to fill stock at the central bank and then circulate it to all banks connected to the central bank.

After the state prints more money and circulates it to the central bank and banks connected to the central bank, it will mean nothing if the money does not circulate in society. Because the cause of inflation is the circulation of money into the wider community so that the abundant money causes an increase in the price of goods and services in general. while Deflation is the opposite of inflation, namely a decrease in the price of goods in general and continuously.

EarnOnVictor

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Quote from: KaliLinux on March 21, 2023, 11:57:14 AM

Quote from: EarnOnVictor on March 19, 2023, 04:05:53 AM

It's good to be constructive in your expression, maybe you are a Nigerian and letting the present cash crunch control your emotion. It would have also been nice if you could name the countries in Africa, Europe and others that are facing the cash crunch, I doubt if you would be able to name up to 5 of them.

Zimbabwe was the African country that was battered by it but is getting over it before the case of Nigeria in which the main target of the government is to counter Money laundering, Vote buying, Kidnapping and many other menaces in the society.

In regards to Nigeria, would you really say that what the government did with the redesigned and less printed money with the reasons you listed above really worked? We understand they were accusations and counter-accusations about the Naira redesign and what was the result of the election? It was only the normal citizens that felt the pain and still feeling the pain. I personally don't have any problem with that cos nothing wrong with going Cash-less only if every aspect of the economy will follow suit.

Everybody is feeling this cashless policy, my dear, it doesn't leave the rich and politician out of it, even POS payments is now changing money. To me, the initiative is very good but ill-times and was sabotaged by politicians and ordinary people. Till now, politicians are stockpiling again their lost money with the new notes to return to business as usual with their "Ghana must go" and unsuspecting people are building businesses on the suffering of others.

Money is leaving the bank but not entering, there is now an imbalance that only God will save us. Still, I will not blame the government for this, it's a good development but fought back by the overambitious people.

andriarto

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Quote from: GeorgeJohn on March 21, 2023, 05:07:08 PM

Quote from: White pawn on March 20, 2023, 04:59:06 PM

Quote from: GeorgeJohn on March 20, 2023, 01:48:27 PM

Government can make money to be scarce to suffer the citizens, or to prevent corruption, I believe that when their is scarcity of money it come from government for their political obligations to come to reality, we all know that government have every right to print money at any point in time, so I believe that scarcity of money affects a country because of political plans that is ongoing to that environment, so therefore I believed its people who is power strategic way of depriving people ways of achieving their own motive in politics.

What the fuck are you talking about? The OP was a bit confusing to understand now you come along with this? A government can not find a more effective way to make its citizens suffer then to make money scarce? Surely the government could be more creative than that if they truly want to make its citizens suffer greatly. I also fail to see how the scarcity of money would prevent corruption in any way. Corruption would still find a way to thrive.
Do you think the government would just print more money on a whim?

It depends on the government that governor's your country, so many of us render or gives suggestions base on our understanding or our experience of our countries kind of leadership, so government can seized a currency with implementation of new policy in order to suffer the masses, so it depends where you from, because I believe that bad government always make things difficult to her country citizens, some of them did it intentional and unintentional.

scarcity of money? what exists is inflation that exceeds reasonableness, thus causing misery for the people, on the other hand from a government perspective there is a lot of corruption so that money that should be for the prosperity of the people is embezzled by officials, so that people find it difficult to fulfill their needs, which results in money being less valuable than goods needed. if this continues to happen it will increase criminal cases because many people want to fill their stomachs but find it difficult to get money

bangjoe

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Quote from: Godlovesyou on March 19, 2023, 01:32:33 AM

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

Little money in circulation because the supply of goods is less than the circulation of money, minimal economic activity resulting in a small circulation of money, rising interest rates and taxes.
That is one of several factors why money in your country is scarce, while inflation is the opposite of this fact. I am a little confused by the case that there is about inflation and a small circulation of money.
If inflation is still below your country's standard percentage, that is normal, but if it is high enough, what you mean by scarcity of money is most likely that economic activity in your area is very small so that the circulation of money in your area is very little of the total supply of money in Your country.

Kodok Bencot

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Scarcity of money can occur when there is high deflation, of course this is rare or something that is difficult for us to find, what happens is the opposite, namely an abundance of money or inflation, this happens because the state will immediately print money to fill stock at the central bank and then circulate it to all banks connected to the central bank.

GeorgeJohn

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Quote from: White pawn on March 20, 2023, 04:59:06 PM

Quote from: GeorgeJohn on March 20, 2023, 01:48:27 PM

Government can make money to be scarce to suffer the citizens, or to prevent corruption, I believe that when their is scarcity of money it come from government for their political obligations to come to reality, we all know that government have every right to print money at any point in time, so I believe that scarcity of money affects a country because of political plans that is ongoing to that environment, so therefore I believed its people who is power strategic way of depriving people ways of achieving their own motive in politics.

What the fuck are you talking about? The OP was a bit confusing to understand now you come along with this? A government can not find a more effective way to make its citizens suffer then to make money scarce? Surely the government could be more creative than that if they truly want to make its citizens suffer greatly. I also fail to see how the scarcity of money would prevent corruption in any way. Corruption would still find a way to thrive.
Do you think the government would just print more money on a whim?

It depends on the government that governor's your country, so many of us render or gives suggestions base on our understanding or our experience of our countries kind of leadership, so government can seized a currency with implementation of new policy in order to suffer the masses, so it depends where you from, because I believe that bad government always make things difficult to her country citizens, some of them did it intentional and unintentional.

fullhdpixel

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Quote from: laurenB7742 on March 20, 2023, 04:28:14 AM

Quote from: BIT-BENDER on March 19, 2023, 02:57:55 PM

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

Means of making money are also not scarce, with the current era of technology and the internet, I find it not too difficult to find a job compared to our parents' time. But the difficulty here is that people cannot find jobs with enough income to care for their lives. Partly because many people have not tried their best, today's young people often give up easily when faced with difficulties, do not want to do hard jobs but prefer light jobs with a lot of income. Plus their lavish lifestyle while their income is barely enough to live on, there are too many problems with today's world.

I think it is mate especially outside or offline. Can't you see that there are so many people which are unemployed? The bad part is that many of these people are even graduate at college or by some degree. The slots on online jobs are also full at all times and there are still people in queue.

I think it was before who are still much easier to apply for a job because the population back in time are still lower when compared to today. There is also much lesser inflations that time. Even if they only earn small, the value of it is already huge. The only advantage we have today is there are now cryptocurrencies which we can use to possibly improve our lives.

Cryptoababe

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Quote from: bettercrypto on March 21, 2023, 09:40:25 AM

Quote from: serjent05 on March 20, 2023, 05:06:07 PM

Quote from: STT on March 19, 2023, 06:58:17 PM

Quote

There's no scarcity in fiat money because they can print how much they want.

What is shocking to say and totally unexpected by myself is there is across the world especially outside the circle of western business and commerce exchange a great shortage of Dollars. No dollars means some countries cannot import goods and commodities to perform business and earn money. Why is there a strange lack of dollars in some countries is probably part of explaining why eventually this system will fail and is unfair to participants in bias to centralism and ultimately to the issuer of dollars in that its self serving bias.

I think the Nigerian government limiting the amount of money that can be withdrawn free is to get profit from the extra transaction. Since the limit is too low, many bank account holders have to pay extra fee if they exceed the maximum allowable for free cashing out. It is a strategy so taht the government can get more money from the citizen. It is a clear robbery in guise of financial law. Honestly, I feel sorry for Nigerian citizens that they have such a kind of government.

I used to look at my government badly, but now I realized that the people behind the government in my country perform better than any other country out there.

This means that there are many corrupt officials of the Nigerian government, so their people are suffering because of the law they are enforcing.

Then the maximum amount limitation given by the government of Nigeria is just too low, which will cause residents to be forced to withdraw beyond their withdrawal limit. It's something that people here in Nigeria can't do but follow.

Yeah, Nigeria is now a though place to live because of cash scarcity. Naira Value is low and the withdrawal limit is also low. Moreover, most people lack the knowledge of using bank apps. The scarcity of money have made many people learn that method but now, banks are making it difficult for people to make transactions because of bad network and congestion.
Everything in Nigeria looks overwhelming now.

Stable090

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Enough money is not in circulation because the amount printed are stolen and hidden by the politician that’s why money is not in circulation, in my country currently, there is change in currency, the central bank is not printing enough new note and the old note is not longer accepted, the little new note printed are distributed to the politicians, few are sent to banks, most managers decided to sell the currency they received from central bank also to politicians and just few amounts are distributed to the masses.

bosede1

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The scarcity of money in my own country is a result of the government's decision to change some of the notes in circulation which withdrew the influx of cash at hand but we were allowed to use the old notes just this last week and even despite these, funds are not disbursed to the public which made cash transaction difficult and bank transfers sometimes fail.

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Quote from: laurenB7742 on March 20, 2023, 04:28:14 AM

Quote from: BIT-BENDER on March 19, 2023, 02:57:55 PM

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

Means of making money are also not scarce, with the current era of technology and the internet, I find it not too difficult to find a job compared to our parents' time. But the difficulty here is that people cannot find jobs with enough income to care for their lives. Partly because many people have not tried their best, today's young people often give up easily when faced with difficulties, do not want to do hard jobs but prefer light jobs with a lot of income. Plus their lavish lifestyle while their income is barely enough to live on, there are too many problems with today's world.

You are right that the lifestyle choice of people can actually affect their lives in general if they don't earn enough to afford how they basically live their lives. A father earns a very minimum income while the children wish to have luxuries that their parents can't afford, and parents can do nothing but try and fulfill all the wishes of their children as after all, they live to do that.

About the scarcity of jobs and incomes, I also think that there can surely be one job for one person in the world but if someone stays jobless it's only because they don't accept to do any work that they get but want specific kind of jobs which doesn't always work out for them.

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Quote from: TheUltraElite on March 19, 2023, 03:07:27 AM

You have to build your own farm and grow your own crops, thats how I see it, complaining will not work because everyone needs to survive.

The better term here is the skilled get the money and the country that has more influence will always prosper than others. It might suck to live in a country that has a poor economy, low natural resources to sell and poor living conditions. But it is upon the individual to move on from that, earn a living and strive to reach a better living condition.

More money in circulation does not solve the problem, that increases the inflation. But how much a person is able to work and earn, that differs.

Right, it's indeed much better for us to grow our needs especially for daily survival and in that way, we can avoid buying products that are already becoming expensive because of the inflation. I mean, we surely cannot block the government from printing more money because aside from it's inevitable especially on our side, we should also learn what are the reasons why are they printing more money.

And if we cannot bear the current situation of our own country, then probably it's much better for us to live in another country which got better conditions. There's a saying that goes, "it's not our fault if we're born poor but it will be our fault if we will die poor"

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